Dec 6, 2024 · As biotechnology firms reach for evermore innovative solutions to healthcare challenges, they are increasingly turning to artificial intelligence to help them in their efforts to combat a variety of health conditions. Investors are taking notice, with AI-enhanced biotechnology set to soar and attract significant investment in the future.

Dec 19, 2024 · Private credit, or nonbank lending, is gaining popularity with investors seeking higher returns than traditional investment avenues generate. While not as common as direct lending, asset-based lending, a form of private credit, is attracting the attention of major investors and investment companies that view it as the sector’s rising star.

Authoritative Analysis on International Banking, Finance and World Affairs

Oct 7, 2024 · The new kid on the AI block, generative AI, is already making significant inroads into financial services, with the world’s biggest banks beginning to roll out their own GenAI tools to ameliorate wealth-management functions, such as research analysis and operational tasks. However, the future is wide open for AI’s role in wealth management.

Nov 20, 2024 · TD Bank, Canadian-owned but the 10th largest US bank, consented to a $3-billion settlement with US regulators over its decade-long failures to monitor customer transactions, becoming the first US bank in history to plead guilty to conspiracy to commit money laundering. The case highlights the onus on banks to ensure AML compliance.

Dec 11, 2024 · Artificial intelligence’s uses in the financial sector are multiplying, with its latest iteration, GenAI, promising to further transform banks’ operations, risk management and customer service. Risks accompany opportunities, presenting contrasting possible scenarios: optimistic and disruptive. Steering towards positive outcomes is a must.

Jul 29, 2024 · To prevent costly financial and reputational damages, businesses must identify the Ultimate Beneficial Owners with whom they are dealing. To do so, they must adopt robust compliance strategies, undertake due diligence and risk-based approaches and leverage technologies while adhering to best practices and navigating developing regulations.

Dec 6, 2024 · Open banking has transitioned into open finance, and it is opening new financial opportunities for bank customers around the world by opening new data sources. To capitalise on this advance, banks will need to take several steps to transform their approaches to customer data while still fulfilling their traditional role of securing it.

Mar 6, 2024 · Last year brought rising interest rates and high-profile bank failures as a few large banks scrambled to meet the liquidity demands posed by depositors. Effective asset and liability management has become critical to banks seeking to reduce interest-rate and liquidity risks, build strong balance sheets and comply with evolving regulations.

Jul 10, 2024 · Family offices serve the private-investing needs of a growing number of ultra-wealthy individuals and are significantly boosting alternative assets, such as hedge funds, private equity, venture capital, real estate and infrastructure, as affluent investors’ interests transition from traditional stocks and bonds in search of higher returns.